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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Baldur Fjvlnisson who wrote (272758)	7/10/2002 3:51:52 PM
From: Skywatcher	Read Replies (1) \| Respond to of 769670

I hope W is rubbing VIX all over his chest and face..... CC

To: Baldur Fjvlnisson who wrote (272758)	7/10/2002 4:02:52 PM
From: Neocon	Respond to of 769670

Interesting speculations. Any documentation?

To: Baldur Fjvlnisson who wrote (272758)	7/10/2002 5:00:16 PM
From: goldworldnet	Respond to of 769670

Healey's First Law of Holes: If you find yourself in one, quit digging Message 17581416 When you see somebody else in a hole, take away their shovel. Message 17581438 * * *

To: Baldur Fjvlnisson who wrote (272758)	7/11/2002 8:08:32 AM
From: Baldur Fjvlnisson	Read Replies (1) \| Respond to of 769670

Neocon, the debt load is enormous. The Wilshire 5000 index has a collective book value of 2.2 Trillion Dollars. I've seen estimated that 1 Trillion of this consists of goodwill and intangible assets. The goodwill as you know is from Cuckooland Dream acquisitions of the bubble euphoria. It has been coming back to bite the market in the arse. Remember JDSU colossal $54 Billion writeoff? AOL? That puppy still carries $75 Billion of goodwill on the accounts. Just take a look at some Nasdaq wonderdarlings. It's dam scary. What are those intangible assets? Employees that are walking because their options aren't worth the paper? Or being fired to spruce the sinking bottom line? In this market, how much debt is off balance sheet? Hundreds of billions? I think that is likely after years and years of rampant goofy accounting and financial engineering and out of control stock market. So, after adjusting that market book value for the accounting fluff and discounting on top of that for crime and fraud and corruption on all levels from Washington up it is obvious that hundreds of companies are in effect bust. We'll have to see what we'll see. Household debt loads are enormous too. The housing market is showing typical bubble behavior but as Greenspan has said; bubbles are only recognizable in hindsight. Yeah sure, I could be bloody Fed Chair having a lot of birds on the antenna seems to be a requirement. Have a nice day, BF